Find the amount of periodic payment necessary for the deposit to the sinking fund. Round to nearest cent. Amount need (A) : $80000 Frequency (n) : semiannually Rate (r) 4% Time (t) : 15 years
Find the amount of periodic payment necessary for the deposit to the sinking fund. Round to nearest cent. Amount need (A) : $80000 Frequency (n) : semiannually Rate (r) 4% Time (t) : 15 years
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Find the amount of periodic payment necessary for the deposit to the sinking fund. Round to nearest cent.
Amount need (A) : $80000
Frequency (n) : semiannually
Rate (r) 4%
Time (t) : 15 years
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